Enter your average income below to estimate applicable free-cash in all major European cities. By free-cash we mean your disposable income, left in your pocket after paying tax, rent, insurance, public transport, food expenses and basic entertainment. How does it work?

average income is
£ 350
per

Your estimated
City
free-cash

Dresden , Germany
£5
-£90
£7
£7
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader

Pension contribution is not mandatory for self-employed except for writers, artists and musicians who should pay standard rates to Künstlersozialkasse.

-
-
-
350
trade
-
-
-
-
income

Personal income is calculated on a progressive scale(from 14% to 42%), and is fixed at 45%. The tax percentage is unique and will depend on your income.

-
-
-
12
health

Our model is based on the assumption that an owner of the company is either a director or registered self-employed, so all social security contributions are not mandatory.

However, you would need to purchase private health insurance. We took an average price of €3600 per annum per person.

-
-
-
61
surtax

Solidarity surcharge is an additional fee on income tax, capital gains tax and corporate tax. It is justified by the cost of German reunification.

-
-
-
1
total
-
-
-
74
Employee

Pension contribution is not mandatory for self-employed except for writers, artists and musicians who should pay standard rates to Künstlersozialkasse.

340
-
350
-
surtax

Solidarity surcharge is an additional fee on income tax, capital gains tax and corporate tax. It is justified by the cost of German reunification.

1
-
1
-
health

Our model is based on the assumption that an owner of the company is either a director or registered self-employed, so all social security contributions are not mandatory.

However, you would need to purchase private health insurance. We took an average price of €3600 per annum per person.

61
-
61
-
income

Personal income is calculated on a progressive scale(from 14% to 42%), and is fixed at 45%. The tax percentage is unique and will depend on your income.

9
-
12
-
total
71
-
74
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
10
350
-
-
trade
2
55
-
-
income
2
52
-
-
surtax

Solidarity surcharge is an additional fee on income tax, capital gains tax and corporate tax. It is justified by the cost of German reunification.

-
3
-
-
chamber of commerce
1
2
-
-
total
5
112
-
-
Dividends
6
238
-
-
withholding
-
56
-
-
surtax

Solidarity surcharge is an additional fee on income tax, capital gains tax and corporate tax. It is justified by the cost of German reunification.

-
3
-
-
total
-
59
-
-
Income
350
350
350
350
Total tax
76
171
74
74
After tax
274
179
276
276
Living cost
269
269
269
269
Free-cash
5
-90
7
7

Estimated living cost  is £269 per week

£169
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£31
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£63
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

Nationals of Europe, Australia, Canada, Israel, Japan, the Republic of Korea, New Zealand and the USA do not require an entry type D visa (not to confuse with a Schengen visa or a visa-free entry). For other nationals, waiting time is around 6-9 months which includes document preparation and processing.

Source of data for Dresden model

Close
Reykjavik , Iceland
-£419
-£237
-£223
-£227
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader
-
-
-
350
social contributions
-
-
-
4
pensions
-
-
-
42
municipal
-
-
-
30
national
-
-
-
46
total
-
-
-
122
Employee
705
-
303
-
national
135
-
48
-
municipal
87
-
31
-
pensions
28
-
12
-
total
250
-
91
-
Employer
705
-
303
-
pensions
56
-
24
-
social contributions
8
-
3
-
total
64
-
27
-
Corporate
-
350
-
-
income

Corporate income tax will depend on a type of legal entity. For LLC and Limited Partnership it is set at 20%. All other entities pay 37.6%.

-
70
-
-
total
-
70
-
-
Dividends
-
280
-
-
withholding
-
62
-
-
total
-
62
-
-
Income
350
350
350
350
Total tax
314
132
118
122
After tax
36
218
232
228
Living cost
455
455
455
455
Free-cash
-419
-237
-223
-227

Estimated living cost  is £455 per week

£309
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£42
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£97
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

It is very difficult to get a residence permit on a basis of self-employment for a Third Country National (non-EU/EFTA/Swiss and without a long-term EU resident permit). EU/EFTA nationals and long-term EU resident permit holders can register self-employed and apply for a permanent residence.

Source of data for Reykjavik model

Close
Riga , Latvia
£21
£95
£16
£85
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader

As of 1 January, 2018 a microenterprise tax rate for microenterprise turnover of up to €40,000 is 15%. This tax is inclusive of all other taxes and contributions.

Microenterprise tax could also be applied to a company but as the only exception is a limitation of liability, we advise to register as a sole-trader.

-
-
-
350
social contributions

Each person younger than 30 on 1 July, 2001 should make pension contributions to an old-age pension account. We include it in our internal model.

-
-
-
28
income
-
-
-
-
microenterprise
-
-
-
52
surtax
-
-
-
-
total
-
-
-
80
Employee
260
-
282
-
surtax
-
-
-
-
social contributions

Each person younger than 30 on 1 July, 2001 should make pension contributions to an old-age pension account. We include it in our internal model.

29
-
31
-
income
46
-
50
-
total
75
-
81
-
Employer
260
-
282
-
social contributions

Each person younger than 30 on 1 July, 2001 should make pension contributions to an old-age pension account. We include it in our internal model.

63
-
68
-
surtax
-
-
-
-
total
63
-
68
-
Corporate
28
350
-
-
income

Corporate income tax rate is 20% applicable to the taxable base. However, before applying the statutory rate, the taxable base should be divided by a coefficient of 0.8. As taxable base is increased by the coefficient, the effective corporate income tax rate is 25%.

6
70
-
-
total
6
70
-
-
Dividends

In Latvia, local dividends are not subject to withholding tax.

22
280
-
-
total
-
-
-
-
Income
350
350
350
350
Total tax
144
70
149
80
After tax
206
280
201
270
Living cost
185
185
185
185
Free-cash
21
95
16
85

Estimated living cost  is £185 per week

£118
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£18
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£45
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Riga model

Close
Rotterdam , Netherlands
-£532
-£482
-£532
-£171
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader
-
-
-
350
income
-
-
-
32
pensions
-
-
-
63
health
-
-
-
54
total
-
-
-
149
Employee
759
759
759
-
health
116
99
116
-
pensions
137
104
137
-
income

It is possible to apply for a 30% ruling (tax reduction) for salaries over €37,000 per annum.

124
124
124
-
total
377
327
377
-
Employer
759
759
759
-
pensions
53
53
53
-
unemployment
27
27
27
-
health
53
53
53
-
total
133
133
133
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Income
350
350
350
350
Total tax
510
460
510
149
After tax
-160
-110
-160
201
Living cost
372
372
372
372
Free-cash
-532
-482
-532
-171

Estimated living cost  is £372 per week

£264
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£34
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£69
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Rotterdam model

Close
Stockholm , Sweden
-£338
-£176
-£180
-£193
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader
-
-
-
350
other
-
-
-
41
unemployment
-
-
-
-
pensions
-
-
-
38
municipal
-
-
-
74
accident
-
-
-
1
national
-
-
-
-
health
-
-
-
22
total
-
-
-
176
Employee
523
-
266
-
national
-
-
-
-
municipal
156
-
79
-
total
156
-
79
-
Employer
523
-
266
-
other
61
-
31
-
accident
1
-
1
-
pensions
57
-
29
-
unemployment
14
-
7
-
health
32
-
16
-
total
165
-
84
-
Corporate
-
350
-
-
income
-
77
-
-
total
-
77
-
-
Dividends
-
273
-
-
withholding
-
82
-
-
total
-
82
-
-
Income
350
350
350
350
Total tax
321
159
163
176
After tax
29
191
187
174
Living cost
367
367
367
367
Free-cash
-338
-176
-180
-193

Estimated living cost  is £367 per week

£243
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£36
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£82
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Stockholm model

Close
Hamburg , Germany
-£101
-£172
-£73
-£73
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader

Pension contribution is not mandatory for self-employed except for writers, artists and musicians who should pay standard rates to Künstlersozialkasse.

-
-
-
350
trade
-
-
-
-
income

Personal income is calculated on a progressive scale(from 14% to 42%), and is fixed at 45%. The tax percentage is unique and will depend on your income.

-
-
-
12
health

Our model is based on the assumption that an owner of the company is either a director or registered self-employed, so all social security contributions are not mandatory.

However, you would need to purchase private health insurance. We took an average price of €3600 per annum per person.

-
-
-
61
surtax

Solidarity surcharge is an additional fee on income tax, capital gains tax and corporate tax. It is justified by the cost of German reunification.

-
-
-
1
total
-
-
-
74
Employee

Pension contribution is not mandatory for self-employed except for writers, artists and musicians who should pay standard rates to Künstlersozialkasse.

451
-
350
-
surtax

Solidarity surcharge is an additional fee on income tax, capital gains tax and corporate tax. It is justified by the cost of German reunification.

2
-
1
-
health

Our model is based on the assumption that an owner of the company is either a director or registered self-employed, so all social security contributions are not mandatory.

However, you would need to purchase private health insurance. We took an average price of €3600 per annum per person.

61
-
61
-
income

Personal income is calculated on a progressive scale(from 14% to 42%), and is fixed at 45%. The tax percentage is unique and will depend on your income.

39
-
12
-
total
102
-
74
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
-
350
-
-
trade
-
58
-
-
income
-
52
-
-
surtax

Solidarity surcharge is an additional fee on income tax, capital gains tax and corporate tax. It is justified by the cost of German reunification.

-
3
-
-
chamber of commerce
-
2
-
-
total
-
115
-
-
Dividends
-
235
-
-
withholding
-
55
-
-
surtax

Solidarity surcharge is an additional fee on income tax, capital gains tax and corporate tax. It is justified by the cost of German reunification.

-
3
-
-
total
-
58
-
-
Income
350
350
350
350
Total tax
102
173
74
74
After tax
248
177
276
276
Living cost
349
349
349
349
Free-cash
-101
-172
-73
-73

Estimated living cost  is £349 per week

£233
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£37
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£74
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

Nationals of Europe, Australia, Canada, Israel, Japan, the Republic of Korea, New Zealand and the USA do not require an entry type D visa (not to confuse with a Schengen visa or a visa-free entry). For other nationals, waiting time is around 6-9 months which includes document preparation and processing.

Source of data for Hamburg model

Close
Limassol , Cyprus
-£90
-£140
-£75
-£2
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader
-
-
-
350
social contributions
-
-
-
55
income
-
-
-
-
health
-
-
-
9
total
-
-
-
64
Employee
683
683
683
-
health
7
12
5
-
social contributions
33
57
26
-
income
72
63
74
-
total
112
132
105
-
Employer
683
683
683
-
social contributions
33
57
26
-
health
7
13
6
-
total
40
70
32
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
350
350
350
350
Total tax
152
202
137
64
After tax
198
148
213
286
Living cost
288
288
288
288
Free-cash
-90
-140
-75
-2

Estimated living cost  is £288 per week

£197
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£23
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£64
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Limassol model

Close
Budapest , Hungary
£36
£32
£37
£76
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader
-
-
-
350
unemployment
-
-
-
5
income
-
-
-
43
pensions
-
-
-
35
health
-
-
-
25
total
-
-
-
108
Employee

As of 2018, the minimum salary of a managing director was set at 180,500 HUF per month.

The minimum wage is 138,000 HUF per month.

239
95
293
-
unemployment
4
1
4
-
health
17
7
21
-
pensions
24
10
29
-
income
29
12
36
-
total
74
30
90
-
Employer

As of 2018, the minimum salary of a managing director was set at 180,500 HUF per month.

The minimum wage is 138,000 HUF per month.

239
95
293
-
pensions
47
19
57
-
total
47
19
57
-
Corporate
64
236
-
-
income
6
21
-
-
total
6
21
-
-
Dividends
58
215
-
-
withholding
11
41
-
-
social contributions
10
41
-
-
total
21
82
-
-
Income
350
350
350
350
Total tax
148
152
147
108
After tax
202
198
203
242
Living cost
166
166
166
166
Free-cash
36
32
37
76

Estimated living cost  is £166 per week

£113
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£14
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£3
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£36
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Budapest model

Close
Tallinn , Estonia
£10
£65
£7
-£7
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader
-
-
-
350
income
-
-
-
27
pensions
-
-
-
70
health
-
-
-
45
total
-
-
-
142
Employee
252
-
262
-
unemployment
4
-
4
-
pensions
5
-
5
-
income
28
-
31
-
total
37
-
40
-
Employer
252
-
262
-
pensions
50
-
52
-
unemployment
2
-
2
-
health
33
-
34
-
total
85
-
88
-
Corporate
13
350
-
-
income
3
70
-
-
total
3
70
-
-
Dividends
10
280
-
-
total
-
-
-
-
Income
350
350
350
350
Total tax
125
70
128
142
After tax
225
280
222
208
Living cost
215
215
215
215
Free-cash
10
65
7
-7

Estimated living cost  is £215 per week

£147
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£13
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£50
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Tallinn model

Close
Gdansk , Poland
-£27
-£171
-£14
£37
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader
-
-
-
350
other
-
-
-
3
income
-
-
-
51
pensions
-
-
-
38
accident
-
-
-
2
health
-
-
-
20
total
-
-
-
114
Employee
313
-
291
-
health
36
-
33
-
pensions
35
-
33
-
income
43
-
40
-
total
114
-
106
-
Employer
313
-
291
-
accident
5
-
5
-
pensions
51
-
47
-
unemployment
8
-
7
-
total
64
-
59
-
Corporate
-
350
-
-
income

From 1 January 2017, a lowered corporate income tax rate of 9% was introduced for so-called 'small taxpayers' - entities with turnover not exceeding the equivalent of €1.2 million and for taxpayers starting business activity, during their previous tax year.

-
315
-
-
total
-
315
-
-
Dividends
-
35
-
-
withholding
-
7
-
-
total
-
7
-
-
Income
350
350
350
350
Total tax
178
322
165
114
After tax
172
28
185
236
Living cost
199
199
199
199
Free-cash
-27
-171
-14
37

Estimated living cost  is £199 per week

£146
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£11
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£38
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

Poland permits registration as a sole-trader only for EU nationals or long-term EU resident permit holders. Other nationals should use a business incubator or set up a company and hire themselves as an employee.

Source of data for Gdansk model

Close
Batumi , Georgia
£248
£261
£209
£275
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader

We expect you will register a microenterprise to benefit from 1% tax rate. Otherwise you will be taxed at a personal income rate of 20%.

-
-
-
350
microenterprise

A sole-trader will lose its microenterprise status when the turnover exceeds 500,000 GEL for the last two consecutive years.

-
-
-
4
total
-
-
-
4
Employee
89
-
350
-
income
18
-
70
-
total
18
-
70
-
Employer
-
-
-
-
total
-
-
-
-
Corporate

We will register your company as part of a virtual zone. Your non-Georgian corporate tax will be zero. Turnover in Georgia will be taxed at 15%.

261
350
-
-
total
-
-
-
-
Dividends
261
350
-
-
withholding
13
18
-
-
total
13
18
-
-
Income
350
350
350
350
Total tax
31
18
70
4
After tax
319
332
280
346
Living cost
71
71
71
71
Free-cash
248
261
209
275

Estimated living cost  is £71 per week

£44
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£6
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£2
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£19
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

Social security system in Georgia is financed from the government taxes which are part of our internal model. Separate pension and medical insurance contributions are not compulsory. It is advisable to purchase health insurance privately as in an event of medical emergency the treatment is likely to get costly.

Source of data for Batumi model

Close
Bratislava , Slovakia
-£56
£20
-£33
-£47
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader
-
-
-
350
other
-
-
-
17
income
-
-
-
44
pensions

Participation in the individual account program is voluntary (6% of an income). The decision to contribute to an individual account must be made before the age of 35 and cannot be reversed.

-
-
-
84
health
-
-
-
15
total
-
-
-
160
Employee
323
-
280
-
unemployment
3
-
3
-
health
5
-
4
-
pensions

Participation in the individual account program is voluntary (6% of an income). The decision to contribute to an individual account must be made before the age of 35 and cannot be reversed.

23
-
20
-
income
56
-
48
-
total
87
-
75
-
Employer
323
-
280
-
other
16
-
14
-
accident
3
-
2
-
pensions

Participation in the individual account program is voluntary (6% of an income). The decision to contribute to an individual account must be made before the age of 35 and cannot be reversed.

55
-
48
-
unemployment
3
-
3
-
health
5
-
4
-
total
82
-
71
-
Corporate
-
350
-
-
income
-
74
-
-
total
-
74
-
-
Dividends
-
276
-
-
withholding
-
19
-
-
total
-
19
-
-
Income
350
350
350
350
Total tax
169
93
146
160
After tax
181
257
204
190
Living cost
237
237
237
237
Free-cash
-56
20
-33
-47

Estimated living cost  is £237 per week

£167
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£16
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£50
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Bratislava model

Close
London , United Kingdom
-£591
-£321
-£348
-£318
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader
-
-
-
350
income
-
-
-
67
pensions
-
-
-
17
total
-
-
-
84
Employee
826
-
317
-
health
14
-
3
-
pensions
80
-
19
-
income
149
-
59
-
total
243
-
81
-
Employer
826
-
317
-
pensions
98
-
27
-
health
16
-
6
-
total
114
-
33
-
Corporate
-
350
-
-
income

It is proposed for this rate to fall to 17% from the financial year starting on 1 April, 2020. Also, where the taxable profits can be attributed to the exploitation of patents, a lower rate of 10% applies.

-
66
-
-
total
-
66
-
-
Dividends
-
284
-
-
withholding
-
21
-
-
total
-
21
-
-
Income
350
350
350
350
Total tax
357
87
114
84
After tax
-7
263
236
266
Living cost
584
584
584
584
Free-cash
-591
-321
-348
-318

Estimated living cost  is £584 per week

£438
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£69
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£73
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Additional information

The only visa which will gain you entry to the UK as a freelancer is Tier 1 (with an exception of EU nationals or long-term UK residence permit holders, up until Brexit). There are two Tier 1 visa pathways.

You can either apply for an Entrepreneur visa which requires an investment of at least £200000 and creating two full time jobs, or choose an Exceptional Talent visa, which has no financial requirements but is more difficult to obtain.

Source of data for London model

Close
Varna , Bulgaria
£140
£182
£105
£97
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader
-
-
-
350
unemployment
-
-
-
1
income
-
-
-
53
pensions

Individual pension and social contributions account is optional for those who entered the labor force after 31 December, 2014.

-
-
-
46
health
-
-
-
36
total
-
-
-
136
Employee
154
-
293
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
health
7
-
13
-
pensions

19.8% for people born before 1 January, 1960; and 14.8% for those born after 31 December, 1959.

14
-
26
-
income
15
-
29
-
total
38
-
71
-
Employer
154
-
293
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
pensions

19.8% for people born before 1 January, 1960; and 14.8% for those born after 31 December, 1959.

17
-
32
-
unemployment
1
-
2
-
health
11
-
20
-
total
31
-
57
-
Corporate
165
350
-
-
income
17
35
-
-
total
17
35
-
-
Dividends
149
315
-
-
withholding
7
16
-
-
total
7
16
-
-
Income
350
350
350
350
Total tax
93
51
128
136
After tax
257
299
222
214
Living cost
117
117
117
117
Free-cash
140
182
105
97

Estimated living cost  is £117 per week

£68
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£8
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£3
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£37
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Varna model

Close
Amsterdam , Netherlands
-£618
-£603
-£653
-£292
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader
-
-
-
350
income
-
-
-
32
pensions
-
-
-
63
health
-
-
-
54
total
-
-
-
149
Employee
824
759
759
-
health
103
99
116
-
pensions
104
104
137
-
income

It is possible to apply for a 30% ruling (tax reduction) for salaries over €37,000 per annum.

124
124
124
-
total
331
327
377
-
Employer
824
759
759
-
pensions
57
53
53
-
unemployment
30
27
27
-
health
57
53
53
-
total
144
133
133
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Income
350
350
350
350
Total tax
475
460
510
149
After tax
-125
-110
-160
201
Living cost
493
493
493
493
Free-cash
-618
-603
-653
-292

Estimated living cost  is £493 per week

£363
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£44
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£80
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Amsterdam model

Close
Brno , Czech Republic
-£86
£19
-£44
-£51
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader
-
-
-
350
social contributions
-
-
-
102
income
-
-
-
30
health
-
-
-
47
solidarity contribution
-
-
-
-
total
-
-
-
179
Employee
326
-
261
-
solidarity contribution
-
-
-
-
health
44
-
35
-
social contributions
21
-
17
-
income
39
-
31
-
total
104
-
83
-
Employer
326
-
261
-
social contributions
81
-
65
-
health
29
-
24
-
total
110
-
89
-
Corporate
-
350
-
-
income
-
66
-
-
total
-
66
-
-
Dividends
-
284
-
-
withholding
-
43
-
-
total
-
43
-
-
Income
350
350
350
350
Total tax
214
109
172
179
After tax
136
241
178
171
Living cost
222
222
222
222
Free-cash
-86
19
-44
-51

Estimated living cost  is £222 per week

£154
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£16
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£48
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Brno model

Close
Milan , Italy
-£439
-£189
-£201
-£180
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader
-
-
-
350
regional
-
-
-
3
social contributions
-
-
-
90
municipal
-
-
-
2
national
-
-
-
60
total
-
-
-
155
Employee
790
-
350
-
national
137
-
53
-
regional
7
-
3
-
municipal
4
-
2
-
social contributions
266
-
118
-
total
414
-
176
-
Employer
790
-
350
-
total
-
-
-
-
Corporate
-
350
-
-
nationa
-
84
-
-
municipal
-
14
-
-
total
-
98
-
-
Dividends
-
252
-
-
withholding
-
66
-
-
total
-
66
-
-
Income
350
350
350
350
Total tax
414
164
176
155
After tax
-64
186
174
195
Living cost
375
375
375
375
Free-cash
-439
-189
-201
-180

Estimated living cost  is £375 per week

£261
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£25
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£83
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Milan model

Close
Thessaloniki , Greece
-£5
£24
-£2
£5
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader
-
-
-
350
other
-
-
-
-
unemployment
-
-
-
2
income
-
-
-
51
pensions
-
-
-
70
health
-
-
-
25
surtax
-
-
-
1
total
-
-
-
149
Employee
294
-
289
-
surtax
1
-
1
-
unemployment
20
-
20
-
other
-
-
-
-
health
8
-
7
-
pensions
20
-
19
-
income
49
-
48
-
total
98
-
95
-
Employer
294
-
289
-
other
-
-
-
-
pensions
39
-
39
-
unemployment
9
-
9
-
health
13
-
13
-
total
61
-
61
-
Corporate
-
350
-
-
income
-
91
-
-
total
-
91
-
-
Dividends
-
259
-
-
withholding
-
39
-
-
total
-
39
-
-
Income
350
350
350
350
Total tax
159
130
156
149
After tax
191
220
194
201
Living cost
196
196
196
196
Free-cash
-5
24
-2
5

Estimated living cost  is £196 per week

£120
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£18
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£54
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Thessaloniki model

Close
Cambridge , United Kingdom
-£275
-£136
-£163
-£133
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader
-
-
-
350
income
-
-
-
67
pensions
-
-
-
17
total
-
-
-
84
Employee
554
-
317
-
health
8
-
3
-
pensions
47
-
19
-
income
100
-
59
-
total
155
-
81
-
Employer
554
-
317
-
pensions
60
-
27
-
health
11
-
6
-
total
71
-
33
-
Corporate
-
350
-
-
income

It is proposed for this rate to fall to 17% from the financial year starting on 1 April, 2020. Also, where the taxable profits can be attributed to the exploitation of patents, a lower rate of 10% applies.

-
66
-
-
total
-
66
-
-
Dividends
-
284
-
-
withholding
-
21
-
-
total
-
21
-
-
Income
350
350
350
350
Total tax
226
87
114
84
After tax
124
263
236
266
Living cost
399
399
399
399
Free-cash
-275
-136
-163
-133

Estimated living cost  is £399 per week

£299
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£30
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£66
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Additional information

The only visa which will gain you entry to the UK as a freelancer is Tier 1 (with an exception of EU nationals or long-term UK residence permit holders, up until Brexit). There are two Tier 1 visa pathways.

You can either apply for an Entrepreneur visa which requires an investment of at least £200000 and creating two full time jobs, or choose an Exceptional Talent visa, which has no financial requirements but is more difficult to obtain.

Source of data for Cambridge model

Close
Zurich , Switzerland
-£552
-£544
-£431
-£404
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader
-
-
-
350
other

This will depend on a canton and a chosen fund. The rate is between 0.3% and 3.4% with a maximum base of 148,200 CHF. We use 2% as an average rate.

-
-
-
7
city
-
-
-
4
regional
-
-
-
5
pensions
-
-
-
32
national
-
-
-
-
health
-
-
-
2
total
-
-
-
50
Employee
824
-
309
-
national
4
-
-
-
unemployment
-
-
-
-
city
9
-
3
-
regional
27
-
4
-
health
2
-
1
-
pensions
69
-
31
-
total
111
-
39
-
Employer
824
-
309
-
other

This will depend on a canton and a chosen fund. The rate is between 0.1% and 3.63% for an employee. We use 2% as an average rate.

16
-
6
-
pensions
69
-
31
-
unemployment
-
-
-
-
health
2
-
1
-
total
87
-
38
-
Corporate
-
350
-
-
regional
-
74
-
-
national
-
30
-
-
total
-
104
-
-
Dividends
-
246
-
-
withholding
-
86
-
-
total
-
86
-
-
Income
350
350
350
350
Total tax
198
190
77
50
After tax
152
160
273
300
Living cost
704
704
704
704
Free-cash
-552
-544
-431
-404

Estimated living cost  is £704 per week

£458
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£63
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£9
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£174
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Additional information

It is extremely rare that a Third Country National (non-EU/EFTA/Swiss and without a long-term EU resident permit) is given a residence permit based on self-employment.

Source of data for Zurich model

Close
Munich , Germany
-£184
-£232
-£131
-£131
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader

Pension contribution is not mandatory for self-employed except for writers, artists and musicians who should pay standard rates to Künstlersozialkasse.

-
-
-
350
trade
-
-
-
-
income

Personal income is calculated on a progressive scale(from 14% to 42%), and is fixed at 45%. The tax percentage is unique and will depend on your income.

-
-
-
12
health

Our model is based on the assumption that an owner of the company is either a director or registered self-employed, so all social security contributions are not mandatory.

However, you would need to purchase private health insurance. We took an average price of €3600 per annum per person.

-
-
-
61
surtax

Solidarity surcharge is an additional fee on income tax, capital gains tax and corporate tax. It is justified by the cost of German reunification.

-
-
-
1
total
-
-
-
74
Employee

Pension contribution is not mandatory for self-employed except for writers, artists and musicians who should pay standard rates to Künstlersozialkasse.

534
-
350
-
surtax

Solidarity surcharge is an additional fee on income tax, capital gains tax and corporate tax. It is justified by the cost of German reunification.

3
-
1
-
health

Our model is based on the assumption that an owner of the company is either a director or registered self-employed, so all social security contributions are not mandatory.

However, you would need to purchase private health insurance. We took an average price of €3600 per annum per person.

61
-
61
-
income

Personal income is calculated on a progressive scale(from 14% to 42%), and is fixed at 45%. The tax percentage is unique and will depend on your income.

63
-
12
-
total
127
-
74
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
-
350
-
-
trade
-
60
-
-
income
-
52
-
-
surtax

Solidarity surcharge is an additional fee on income tax, capital gains tax and corporate tax. It is justified by the cost of German reunification.

-
3
-
-
chamber of commerce
-
2
-
-
total
-
117
-
-
Dividends
-
233
-
-
withholding
-
55
-
-
surtax

Solidarity surcharge is an additional fee on income tax, capital gains tax and corporate tax. It is justified by the cost of German reunification.

-
3
-
-
total
-
58
-
-
Income
350
350
350
350
Total tax
127
175
74
74
After tax
223
175
276
276
Living cost
407
407
407
407
Free-cash
-184
-232
-131
-131

Estimated living cost  is £407 per week

£297
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£33
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£72
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

Nationals of Europe, Australia, Canada, Israel, Japan, the Republic of Korea, New Zealand and the USA do not require an entry type D visa (not to confuse with a Schengen visa or a visa-free entry). For other nationals, waiting time is around 6-9 months which includes document preparation and processing.

Source of data for Munich model

Close
Nice , France
-£148
-£127
-£85
-£91
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader
-
-
-
350
other
-
-
-
11
social contributions
-
-
-
10
income
-
-
-
8
pensions
-
-
-
105
health
-
-
-
3
surtax
-
-
-
-
total
-
-
-
137
Employee
380
-
267
-
surtax
-
-
-
-
pensions
43
-
30
-
social contributions
11
-
8
-
income
22
-
9
-
total
76
-
47
-
Employer
380
-
267
-
other
13
-
9
-
pensions
62
-
44
-
unemployment
15
-
11
-
social contributions
1
-
1
-
health
27
-
19
-
total
118
-
84
-
Corporate
-
350
-
-
income
-
98
-
-
surtax
-
-
-
-
total
-
98
-
-
Dividends
-
252
-
-
withholding
-
32
-
-
social contributions
-
43
-
-
surtax
-
-
-
-
total
-
75
-
-
Income
350
350
350
350
Total tax
194
173
131
137
After tax
156
177
219
213
Living cost
304
304
304
304
Free-cash
-148
-127
-85
-91

Estimated living cost  is £304 per week

£192
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£25
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£82
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Nice model

Close
Marseille , France
-£97
-£97
-£55
-£61
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader
-
-
-
350
other
-
-
-
11
social contributions
-
-
-
10
income
-
-
-
8
pensions
-
-
-
105
health
-
-
-
3
surtax
-
-
-
-
total
-
-
-
137
Employee
339
-
267
-
surtax
-
-
-
-
pensions
38
-
30
-
social contributions
10
-
8
-
income
18
-
9
-
total
66
-
47
-
Employer
339
-
267
-
other
12
-
9
-
pensions
56
-
44
-
unemployment
14
-
11
-
social contributions
1
-
1
-
health
24
-
19
-
total
107
-
84
-
Corporate
-
350
-
-
income
-
98
-
-
surtax
-
-
-
-
total
-
98
-
-
Dividends
-
252
-
-
withholding
-
32
-
-
social contributions
-
43
-
-
surtax
-
-
-
-
total
-
75
-
-
Income
350
350
350
350
Total tax
173
173
131
137
After tax
177
177
219
213
Living cost
274
274
274
274
Free-cash
-97
-97
-55
-61

Estimated living cost  is £274 per week

£159
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£28
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£82
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Marseille model

Close
Vilnius , Lithuania
£17
£25
£29
£38
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader
-
-
-
350
social contributions
-
-
-
48
income
-
-
-
52
health
-
-
-
24
total
-
-
-
124
Employee
301
-
350
-
health
21
-
24
-
social contributions
42
-
48
-
income
50
-
61
-
total
113
-
133
-
Employer
301
-
350
-
total
-
-
-
-
Corporate
49
350
-
-
income

The standard tax rate is 15%. However, small companies and agricultural companies can apply a reduced corporate income tax rate of 0% to the first year of operation when certain conditions are met; and 5% to revenues of less than €300,000 per year. We made calculations based on 5% and skipped 0%.

2
18
-
-
total
2
18
-
-
Dividends
46
332
-
-
health
8
23
-
-
withholding
7
50
-
-
social contributions
15
46
-
-
total
30
119
-
-
Income
350
350
350
350
Total tax
145
137
133
124
After tax
205
213
217
226
Living cost
188
188
188
188
Free-cash
17
25
29
38

Estimated living cost  is £188 per week

£126
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£12
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£46
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Vilnius model

Close
Vienna , Austria
-£231
-£166
-£183
-£117
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader
-
-
-
350
chamber of commerce
-
-
-
1
unemployment
-
-
-
54
income
-
-
-
5
pensions
-
-
-
65
health
-
-
-
27
surtax
-
-
-
2
total
-
-
-
154
Employee
444
354
354
-
unemployment
13
11
8
-
other
4
4
3
-
health
17
14
10
-
pensions
45
36
27
-
income
51
26
30
-
total
130
91
78
-
Employer
444
354
354
-
payroll
13
11
11
-
other
21
17
16
-
accident
6
5
3
-
pensions
56
44
33
-
unemployment
13
11
8
-
chamber of commerce
2
1
1
-
surtax
2
2
2
-
health
17
13
10
-
total
130
104
84
-
Corporate
34
34
232
-
income

The minimum corporate income for a GmbH is €1,1750 for a year. However, for GmbHs founded after 30 June 2013, the amount is reduced to €500 for the first five years and €1000 for the next five years.

Минимальный корпоративный налог для GmbH €1,1750 в год. Если GmbHs основана после 30 Июня 2013 эта сумма сниже до €500 в первые 5 лет и €1000 для следующих пяти лет.

8
8
58
-
total
8
8
58
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
350
350
350
350
Total tax
268
203
220
154
After tax
82
147
130
196
Living cost
313
313
313
313
Free-cash
-231
-166
-183
-117

Estimated living cost  is £313 per week

£209
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£27
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£72
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

As a Third Country National (non-EU/EFTA/Swiss and without a long-term EU resident permit), you can apply for permanent residence when your business creates macroeconomic benefit. This could be an investment starting from €100,000, creating new jobs or securing existing ones, or making a substantial contribution to the region's economy. You can also be considered with a transfer of know-how to Austria or an evident commitment to develop an innovative product or technology.

Source of data for Vienna model

Close
Brussels , Belgium
-£470
-£125
-£164
-£115
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader
-
-
-
350
social contributions
-
-
-
26
national
-
-
-
96
communal

Communal tax will depend on the area of registration and each commune in the city has its own rate.

-
-
-
19
total
-
-
-
141
Employee

The minimum management director salary is set at €45,000 per year.

636
-
271
-
national
195
-
61
-
unemployment

Reference earnings are 100% of the insured person's gross earnings for white-collar workers and 108% of the insured person's gross earnings for blue-collar workers.

6
-
2
-
health

Reference earnings are 100% of the insured person's gross earnings for white-collar workers and 108% of the insured person's gross earnings for blue-collar workers.

30
-
13
-
pensions

Reference earnings are 100% of the insured person's gross earnings for white-collar workers and 108% of the insured person's gross earnings for blue-collar workers.

48
-
20
-
communal

Communal tax will depend on the area of registration and each commune in the city has its own rate.

33
-
14
-
total
312
-
110
-
Employer

The minimum management director salary is set at €45,000 per year.

636
-
271
-
accident

Reference earnings are 100% of the insured person's gross earnings for white-collar workers and 108% of the insured person's gross earnings for blue-collar workers.

8
-
4
-
pensions

Reference earnings are 100% of the insured person's gross earnings for white-collar workers and 108% of the insured person's gross earnings for blue-collar workers.

56
-
24
-
unemployment

Reference earnings are 100% of the insured person's gross earnings for white-collar workers and 108% of the insured person's gross earnings for blue-collar workers.

9
-
4
-
surtax
72
-
31
-
health

Reference earnings are 100% of the insured person's gross earnings for white-collar workers and 108% of the insured person's gross earnings for blue-collar workers.

39
-
17
-
total
184
-
80
-
Corporate
-
350
-
-
income
-
70
-
-
surtax
-
1
-
-
total
-
71
-
-
Dividends
-
279
-
-
withholding

As an investor, you can take advantage of €640 tax free allowance per year.

-
80
-
-
total
-
80
-
-
Income
350
350
350
350
Total tax
496
151
190
141
After tax
-146
199
160
209
Living cost
324
324
324
324
Free-cash
-470
-125
-164
-115

Estimated living cost  is £324 per week

£209
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£28
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£82
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Brussels model

Close
Barcelona , Spain
-£233
-£83
-£130
-£123
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader
-
-
-
350
other
-
-
-
-
unemployment
-
-
-
2
income
-
-
-
48
pensions
-
-
-
99
accident
-
-
-
3
total
-
-
-
152
Employee
442
-
255
-
unemployment
7
-
5
-
other
-
-
-
-
pensions
21
-
14
-
income
93
-
46
-
total
121
-
65
-
Employer
442
-
255
-
other
4
-
2
-
accident
9
-
6
-
pensions
104
-
70
-
unemployment
24
-
16
-
total
141
-
94
-
Corporate
-
350
-
-
income

The general rate of corporate tax is 25%. The lower rate of 15% is introduced for newly formed companies which applies during the first two years of operation in which taxable profit is made. We use the lower rate in our model.

-
52
-
-
total
-
52
-
-
Dividends
-
298
-
-
withholding
-
60
-
-
total
-
60
-
-
Income
350
350
350
350
Total tax
262
112
159
152
After tax
88
238
191
198
Living cost
321
321
321
321
Free-cash
-233
-83
-130
-123

Estimated living cost  is £321 per week

£236
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£23
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£57
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Barcelona model

Close
Luxembourg , Luxembourg
-£404
-£263
-£259
-£259
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader
-
-
-
350
income
-
-
-
5
pensions
-
-
-
68
accident
-
-
-
4
communal
-
-
-
-
health
-
-
-
32
surtax
-
-
-
17
total
-
-
-
126
Employee
673
-
299
-
surtax
41
-
17
-
health
30
-
19
-
pensions
54
-
34
-
income
65
-
5
-
total
190
-
75
-
Employer
673
-
299
-
accident
6
-
4
-
pensions
54
-
34
-
health
21
-
13
-
total
81
-
51
-
Corporate
-
350
-
-
income
-
52
-
-
communal
-
24
-
-
surtax
-
4
-
-
total
-
80
-
-
Dividends
-
270
-
-
withholding
-
41
-
-
income
-
9
-
-
total
-
50
-
-
Income
350
350
350
350
Total tax
271
130
126
126
After tax
79
220
224
224
Living cost
483
483
483
483
Free-cash
-404
-263
-259
-259

Estimated living cost  is £483 per week

£362
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£29
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£86
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Luxembourg model

Close
Athens , Greece
-£13
£20
-£6
£1
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader
-
-
-
350
other
-
-
-
-
unemployment
-
-
-
2
income
-
-
-
51
pensions
-
-
-
70
health
-
-
-
25
surtax
-
-
-
1
total
-
-
-
149
Employee
299
-
289
-
surtax
1
-
1
-
unemployment
21
-
20
-
other
-
-
-
-
health
8
-
7
-
pensions
20
-
19
-
income
50
-
48
-
total
100
-
95
-
Employer
299
-
289
-
other
-
-
-
-
pensions
40
-
39
-
unemployment
9
-
9
-
health
14
-
13
-
total
63
-
61
-
Corporate
-
350
-
-
income
-
91
-
-
total
-
91
-
-
Dividends
-
259
-
-
withholding
-
39
-
-
total
-
39
-
-
Income
350
350
350
350
Total tax
163
130
156
149
After tax
187
220
194
201
Living cost
200
200
200
200
Free-cash
-13
20
-6
1

Estimated living cost  is £200 per week

£120
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£17
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£57
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Athens model

Close
Naples , Italy
-£143
-£55
-£67
-£46
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader
-
-
-
350
regional
-
-
-
5
social contributions
-
-
-
90
municipal
-
-
-
2
national
-
-
-
60
total
-
-
-
157
Employee
493
-
350
-
national
78
-
53
-
regional
7
-
5
-
municipal
3
-
2
-
social contributions
166
-
118
-
total
254
-
178
-
Employer
493
-
350
-
total
-
-
-
-
Corporate
-
350
-
-
nationa
-
84
-
-
municipal
-
17
-
-
total
-
101
-
-
Dividends
-
249
-
-
withholding
-
65
-
-
total
-
65
-
-
Income
350
350
350
350
Total tax
254
166
178
157
After tax
96
184
172
193
Living cost
239
239
239
239
Free-cash
-143
-55
-67
-46

Estimated living cost  is £239 per week

£149
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£24
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£62
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Naples model

Close
Prague , Czech Republic
-£187
-£32
-£95
-£102
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader
-
-
-
350
social contributions
-
-
-
102
income
-
-
-
30
health
-
-
-
47
solidarity contribution
-
-
-
-
total
-
-
-
179
Employee
402
-
261
-
solidarity contribution
-
-
-
-
health
54
-
35
-
social contributions
26
-
17
-
income
48
-
31
-
total
128
-
83
-
Employer
402
-
261
-
social contributions
100
-
65
-
health
36
-
24
-
total
136
-
89
-
Corporate
-
350
-
-
income
-
66
-
-
total
-
66
-
-
Dividends
-
284
-
-
withholding
-
43
-
-
total
-
43
-
-
Income
350
350
350
350
Total tax
264
109
172
179
After tax
86
241
178
171
Living cost
273
273
273
273
Free-cash
-187
-32
-95
-102

Estimated living cost  is £273 per week

£203
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£15
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£50
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Prague model

Close
Graz , Austria
-£160
-£134
-£151
-£85
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader
-
-
-
350
chamber of commerce
-
-
-
1
unemployment
-
-
-
54
income
-
-
-
5
pensions
-
-
-
65
health
-
-
-
27
surtax
-
-
-
-
total
-
-
-
152
Employee
388
354
354
-
unemployment
12
11
8
-
other
4
4
3
-
health
15
14
10
-
pensions
40
36
27
-
income
35
26
30
-
total
106
91
78
-
Employer
388
354
354
-
payroll
12
11
11
-
other
18
17
16
-
accident
5
5
3
-
pensions
49
44
33
-
unemployment
12
11
8
-
chamber of commerce
2
1
1
-
surtax
-
-
-
-
health
15
13
10
-
total
113
102
82
-
Corporate
34
34
233
-
income

The minimum corporate income for a GmbH is €1,1750 for a year. However, for GmbHs founded after 30 June 2013, the amount is reduced to €500 for the first five years and €1000 for the next five years.

Минимальный корпоративный налог для GmbH €1,1750 в год. Если GmbHs основана после 30 Июня 2013 эта сумма сниже до €500 в первые 5 лет и €1000 для следующих пяти лет.

8
8
58
-
total
8
8
58
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
350
350
350
350
Total tax
227
201
218
152
After tax
123
149
132
198
Living cost
283
283
283
283
Free-cash
-160
-134
-151
-85

Estimated living cost  is £283 per week

£170
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£29
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£79
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

As a Third Country National (non-EU/EFTA/Swiss and without a long-term EU resident permit), you can apply for permanent residence when your business creates macroeconomic benefit. This could be an investment starting from €100,000, creating new jobs or securing existing ones, or making a substantial contribution to the region's economy. You can also be considered with a transfer of know-how to Austria or an evident commitment to develop an innovative product or technology.

Source of data for Graz model

Close
Tbilisi , Georgia
£201
£222
£170
£236
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader

We expect you will register a microenterprise to benefit from 1% tax rate. Otherwise you will be taxed at a personal income rate of 20%.

-
-
-
350
microenterprise

A sole-trader will lose its microenterprise status when the turnover exceeds 500,000 GEL for the last two consecutive years.

-
-
-
4
total
-
-
-
4
Employee
138
-
350
-
income
28
-
70
-
total
28
-
70
-
Employer
-
-
-
-
total
-
-
-
-
Corporate

We will register your company as part of a virtual zone. Your non-Georgian corporate tax will be zero. Turnover in Georgia will be taxed at 15%.

212
350
-
-
total
-
-
-
-
Dividends
212
350
-
-
withholding
11
18
-
-
total
11
18
-
-
Income
350
350
350
350
Total tax
39
18
70
4
After tax
311
332
280
346
Living cost
110
110
110
110
Free-cash
201
222
170
236

Estimated living cost  is £110 per week

£75
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£5
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£27
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

Social security system in Georgia is financed from the government taxes which are part of our internal model. Separate pension and medical insurance contributions are not compulsory. It is advisable to purchase health insurance privately as in an event of medical emergency the treatment is likely to get costly.

Source of data for Tbilisi model

Close
Ljubljana , Slovenia
-£104
£2
-£51
-£40
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader

A sole-trader pays social contribution from 75% of the assessed income made in the last year.

The minimum monthly assessed income used to calculate contributions is 60% of the insured's average monthly wage in the last year.

The maximum assessed income used to calculate contributions is 3.5 times the insured's average monthly wage in the last year.

-
-
-
350
unemployment
-
-
-
1
income
-
-
-
53
pensions
-
-
-
64
health
-
-
-
34
total
-
-
-
152
Employee

The minimum monthly earnings used to calculate contributions are 54% (gradually rising by two percent until reaching 60% by 2021) of the insured's average monthly wage in the last year.

393
-
303
-
unemployment
1
-
-
-
health
25
-
20
-
pensions
61
-
47
-
income
68
-
49
-
total
155
-
116
-
Employer

The minimum monthly earnings used to calculate contributions are 54% (gradually rising by two percent until reaching 60% by 2021) of the insured's average monthly wage in the last year.

393
-
303
-
pensions
35
-
27
-
unemployment
-
-
-
-
health
26
-
20
-
total
61
-
47
-
Corporate
-
350
-
-
income
-
67
-
-
total
-
67
-
-
Dividends
-
283
-
-
withholding
-
43
-
-
total
-
43
-
-
Income
350
350
350
350
Total tax
216
110
163
152
After tax
134
240
187
198
Living cost
238
238
238
238
Free-cash
-104
2
-51
-40

Estimated living cost  is £238 per week

£164
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£15
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£55
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Ljubljana model

Close
Oslo , Norway
-£964
-£167
-£147
-£138
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader
-
-
-
350
social contributions
-
-
-
40
income
-
-
-
68
total
-
-
-
108
Employee
545
-
11
-
social contributions
45
-
6
-
income
120
-
1
-
total
165
-
7
-
Employer
545
-
11
-
social contributions
769
-
110
-
total
769
-
110
-
Corporate
-
350
-
-
income
-
77
-
-
total
-
77
-
-
Dividends
-
273
-
-
income
-
60
-
-
total
-
60
-
-
Income
350
350
350
350
Total tax
934
137
117
108
After tax
-584
213
233
242
Living cost
380
380
380
380
Free-cash
-964
-167
-147
-138

Estimated living cost  is £380 per week

£247
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£36
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£93
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Oslo model

Close
Lisbon , Portugal
-£156
-£80
-£79
-£73
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader

Based on articles 30.º, 31.º and 151.º of CIRS, sole-trader can use 75% of income as a tax base when earnings are below €200,000 per annum.

-
-
-
350
social contributions

Social contributions in Portugal are calculated from the total income before any reductions apply.

-
-
-
122
income
-
-
-
22
surtax
-
-
-
-
total
-
-
-
144
Employee
409
-
283
-
surtax
-
-
-
-
social contributions
45
-
31
-
income
85
-
52
-
total
130
-
83
-
Employer
409
-
283
-
social contributions
97
-
67
-
total
97
-
67
-
Corporate
-
350
-
-
income
-
74
-
-
surtax
-
-
-
-
total
-
74
-
-
Dividends
-
276
-
-
withholding
-
77
-
-
total
-
77
-
-
Income
350
350
350
350
Total tax
227
151
150
144
After tax
123
199
200
206
Living cost
279
279
279
279
Free-cash
-156
-80
-79
-73

Estimated living cost  is £279 per week

£209
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£16
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£49
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Lisbon model

Close
Paris , France
-£381
-£252
-£210
-£216
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader
-
-
-
350
other
-
-
-
11
social contributions
-
-
-
10
income
-
-
-
8
pensions
-
-
-
105
health
-
-
-
3
surtax
-
-
-
-
total
-
-
-
137
Employee
557
-
267
-
surtax
-
-
-
-
pensions
63
-
30
-
social contributions
16
-
8
-
income
49
-
9
-
total
128
-
47
-
Employer
557
-
267
-
other
19
-
9
-
pensions
91
-
44
-
unemployment
23
-
11
-
social contributions
2
-
1
-
health
39
-
19
-
total
174
-
84
-
Corporate
-
350
-
-
income
-
98
-
-
surtax
-
-
-
-
total
-
98
-
-
Dividends
-
252
-
-
withholding
-
32
-
-
social contributions
-
43
-
-
surtax
-
-
-
-
total
-
75
-
-
Income
350
350
350
350
Total tax
302
173
131
137
After tax
48
177
219
213
Living cost
429
429
429
429
Free-cash
-381
-252
-210
-216

Estimated living cost  is £429 per week

£290
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£35
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£6
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£98
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Paris model

Close
Andorra , Andorra
£18
£48
£16
£6
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader
-
-
-
350
income
-
-
-
-
social contributions
-
-
-
77
total
-
-
-
77
Employee
286
-
303
-
social contributions
19
-
20
-
income
-
-
-
-
total
19
-
20
-
Employer
286
-
303
-
social contributions
44
-
47
-
total
44
-
47
-
Corporate
20
350
-
-
income
2
35
-
-
total
2
35
-
-
Dividends
18
315
-
-
total
-
-
-
-
Income
350
350
350
350
Total tax
65
35
67
77
After tax
285
315
283
273
Living cost
267
267
267
267
Free-cash
18
48
16
6

Estimated living cost  is £267 per week

£173
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£20
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£69
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

Andorra has a limit of 1000 sole-trade resident permits per year, so while it isn't complicated to obtain one, it may get difficult by the end of the term.

Source of data for Andorra model

Close
Copenhagen , Denmark
-£1583
-£1583
-£1583
-£190
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader
-
-
-
350
pensions
-
-
-
8
municipal
-
-
-
49
labour market
-
-
-
27
national
-
-
-
29
total
-
-
-
113
Employee
1 804
1 804
1 804
-
national
220
220
220
-
municipal
384
384
384
-
labour market
144
144
144
-
pensions
3
3
3
-
total
751
751
751
-
Employer
1 804
1 804
1 804
-
municipal
385
385
385
-
pensions
5
5
5
-
national
221
221
221
-
labour market
144
144
144
-
total
755
755
755
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
350
350
350
350
Total tax
1 506
1 506
1 506
113
After tax
-1 156
-1 156
-1 156
237
Living cost
427
427
427
427
Free-cash
-1 583
-1 583
-1 583
-190

Estimated living cost  is £427 per week

£293
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£38
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£7
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£91
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Copenhagen model

Close
Krakow , Poland
-£21
-£168
-£11
£40
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader
-
-
-
350
other
-
-
-
3
income
-
-
-
51
pensions
-
-
-
38
accident
-
-
-
2
health
-
-
-
20
total
-
-
-
114
Employee
309
-
291
-
health
35
-
33
-
pensions
35
-
33
-
income
42
-
40
-
total
112
-
106
-
Employer
309
-
291
-
accident
5
-
5
-
pensions
50
-
47
-
unemployment
8
-
7
-
total
63
-
59
-
Corporate
-
350
-
-
income

From 1 January 2017, a lowered corporate income tax rate of 9% was introduced for so-called 'small taxpayers' - entities with turnover not exceeding the equivalent of €1.2 million and for taxpayers starting business activity, during their previous tax year.

-
315
-
-
total
-
315
-
-
Dividends
-
35
-
-
withholding
-
7
-
-
total
-
7
-
-
Income
350
350
350
350
Total tax
175
322
165
114
After tax
175
28
185
236
Living cost
196
196
196
196
Free-cash
-21
-168
-11
40

Estimated living cost  is £196 per week

£143
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£11
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£39
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

Poland permits registration as a sole-trader only for EU nationals or long-term EU resident permit holders. Other nationals should use a business incubator or set up a company and hire themselves as an employee.

Source of data for Krakow model

Close
Helsinki , Finland
-£206
-£99
-£119
-£59
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader

You can choose the amount to declare for pension contributions and choose a pension insurance company or a pension insurance fund you prefer to use; or you could opt out of pension contributions altogether. You can find more details on Finnish Centre for Pensions

-
-
-
350
municipal
-
-
-
63
national
-
-
-
3
health
-
-
-
2
total
-
-
-
68
Employee
467
-
294
-
national
8
-
-
-
unemployment
7
-
4
-
health
3
-
1
-
municipal
77
-
48
-
pensions
32
-
20
-
total
127
-
73
-
Employer
467
-
294
-
accident
-
-
-
-
pensions
81
-
51
-
unemployment
3
-
2
-
health
4
-
2
-
total
88
-
55
-
Corporate
-
350
-
-
income
-
70
-
-
total
-
70
-
-
Dividends

Finish residents use 75% of income from dividends as a base for income tax.

-
210
-
-
municipal
-
38
-
-
national
-
-
-
-
total
-
38
-
-
Income
350
350
350
350
Total tax
215
108
128
68
After tax
135
242
222
282
Living cost
341
341
341
341
Free-cash
-206
-99
-119
-59

Estimated living cost  is £341 per week

£223
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£33
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£80
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

Finland permits registration as a sole-trader only for EU nationals or long-term EU resident permit holders. Other nationals should set up a company and hire themselves as an employee.

Source of data for Helsinki model

Close
Larnaca , Cyprus
£5
-£58
£7
£80
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader
-
-
-
350
social contributions
-
-
-
55
income
-
-
-
-
health
-
-
-
9
total
-
-
-
64
Employee
683
683
683
-
health
5
12
5
-
social contributions
26
57
26
-
income
74
63
74
-
total
105
132
105
-
Employer
683
683
683
-
social contributions
26
57
26
-
health
6
13
6
-
total
32
70
32
-
Corporate
7
-
-
-
income
1
-
-
-
total
1
-
-
-
Dividends
6
-
-
-
withholding
1
-
-
-
total
1
-
-
-
Income
350
350
350
350
Total tax
139
202
137
64
After tax
211
148
213
286
Living cost
206
206
206
206
Free-cash
5
-58
7
80

Estimated living cost  is £206 per week

£123
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£20
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£58
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Larnaca model

Close
Podgorica , Montenegro
£104
£149
£76
£94
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader

By law (Article 9 §1 (7); Article 10 §1 (7); Article 11 §1 (5)) a social contribution base is set as:

  • up to €9,000.00, 60% of the average monthly wage in Montenegro
  • up to €15,000.00, 100% of the average monthly wage in Montenegro
  • in excess of €15,000, 150% of the average monthly wage in Montenegro
-
-
-
350
unemployment
-
-
-
-
income
-
-
-
26
pensions
-
-
-
57
health
-
-
-
32
total
-
-
-
115
Employee

We use the last available minimum wage (€288,05 per month) as a minimum base for social contributions.

204
-
317
-
unemployment
1
-
2
-
health
17
-
27
-
pensions
31
-
48
-
income
14
-
23
-
total
63
-
100
-
Employer

We use the last available minimum wage (€288,05 per month) as a minimum base for social contributions.

204
-
317
-
pensions
11
-
17
-
unemployment
1
-
2
-
health
9
-
14
-
total
21
-
33
-
Corporate
125
350
-
-
income
11
31
-
-
total
11
31
-
-
Dividends
114
319
-
-
withholding
10
29
-
-
total
10
29
-
-
Income
350
350
350
350
Total tax
105
60
133
115
After tax
245
290
217
235
Living cost
141
141
141
141
Free-cash
104
149
76
94

Estimated living cost  is £141 per week

£90
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£10
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£37
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Podgorica model

Close
Valencia , Spain
-£83
-£6
-£53
-£46
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader
-
-
-
350
other
-
-
-
-
unemployment
-
-
-
2
income
-
-
-
48
pensions
-
-
-
99
accident
-
-
-
3
total
-
-
-
152
Employee
329
-
255
-
unemployment
5
-
5
-
other
-
-
-
-
pensions
15
-
14
-
income
63
-
46
-
total
83
-
65
-
Employer
329
-
255
-
other
3
-
2
-
accident
7
-
6
-
pensions
78
-
70
-
unemployment
18
-
16
-
total
106
-
94
-
Corporate
-
350
-
-
income

The general rate of corporate tax is 25%. The lower rate of 15% is introduced for newly formed companies which applies during the first two years of operation in which taxable profit is made. We use the lower rate in our model.

-
52
-
-
total
-
52
-
-
Dividends
-
298
-
-
withholding
-
60
-
-
total
-
60
-
-
Income
350
350
350
350
Total tax
189
112
159
152
After tax
161
238
191
198
Living cost
244
244
244
244
Free-cash
-83
-6
-53
-46

Estimated living cost  is £244 per week

£165
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£23
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£52
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Valencia model

Close
Istanbul , Turkey
£199
£201
£198
£201
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader
-
-
-
350
income
-
-
-
111
pensions
-
-
-
12
health
-
-
-
9
total
-
-
-
132
Employee
26
-
336
-
unemployment
-
-
1
-
health
1
-
3
-
pensions
2
-
6
-
income
5
-
111
-
total
8
-
121
-
Employer
26
-
336
-
pensions
3
-
7
-
unemployment
1
-
1
-
health
2
-
6
-
total
6
-
14
-
Corporate
319
350
-
-
income
70
77
-
-
total
70
77
-
-
Dividends
248
273
-
-
withholding
50
55
-
-
total
50
55
-
-
Income
350
350
350
350
Total tax
134
132
135
132
After tax
216
218
215
218
Living cost
17
17
17
17
Free-cash
199
201
198
201

Estimated living cost  is £17 per week

£10
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£1
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£0
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£5
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Istanbul model

Close
Belgrade , Serbia
£55
£99
£40
£25
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader

The minimum monthly earnings used to calculate the contributions are 35% of the national average gross wage for the previous three months.

The maximum monthly earnings used to calculate the contributions are five times the national average gross wage in the previous month.

-
-
-
350
unemployment
-
-
-
5
income
-
-
-
40
pensions
-
-
-
91
health
-
-
-
36
total
-
-
-
172
Employee

The minimum tax base for social security contributions are defined by the Law on Mandatory Social Insurance Contributions and is fixed at 35% of an average monthly salary published in Serbia. The maximum tax base for social security contributions is capped at five times the average monthly salary published by the official statistics in Serbia at the moment of salary payment.

The minimum monthly earnings used to calculate the contributions are 35% of the national average gross wage for the previous three months.

The maximum monthly earnings used to calculate the contributions are five times the national average gross wage in the previous month.

231
-
297
-
unemployment
2
-
2
-
health
12
-
15
-
pensions
32
-
42
-
income
32
-
45
-
total
78
-
104
-
Employer

The minimum tax base for social security contributions are defined by the Law on Mandatory Social Insurance Contributions and is fixed at 35% of an average monthly salary published in Serbia. The maximum tax base for social security contributions is capped at five times the average monthly salary published by the official statistics in Serbia at the moment of salary payment.

The minimum monthly earnings used to calculate the contributions are 35% of the national average gross wage for the previous three months.

The maximum monthly earnings used to calculate the contributions are five times the national average gross wage in the previous month.

231
-
297
-
pensions
28
-
36
-
unemployment
2
-
2
-
health
12
-
15
-
total
42
-
53
-
Corporate
77
350
-
-
income
12
53
-
-
total
12
53
-
-
Dividends
66
297
-
-
withholding
10
45
-
-
total
10
45
-
-
Income
350
350
350
350
Total tax
142
98
157
172
After tax
208
252
193
178
Living cost
153
153
153
153
Free-cash
55
99
40
25

Estimated living cost  is £153 per week

£103
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£12
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£34
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Belgrade model

Close
Porto , Portugal
-£77
-£41
-£40
-£34
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader

Based on articles 30.º, 31.º and 151.º of CIRS, sole-trader can use 75% of income as a tax base when earnings are below €200,000 per annum.

-
-
-
350
social contributions

Social contributions in Portugal are calculated from the total income before any reductions apply.

-
-
-
122
income
-
-
-
22
surtax
-
-
-
-
total
-
-
-
144
Employee
345
-
283
-
surtax
-
-
-
-
social contributions
38
-
31
-
income
67
-
52
-
total
105
-
83
-
Employer
345
-
283
-
social contributions
82
-
67
-
total
82
-
67
-
Corporate
-
350
-
-
income
-
74
-
-
surtax
-
-
-
-
total
-
74
-
-
Dividends
-
276
-
-
withholding
-
77
-
-
total
-
77
-
-
Income
350
350
350
350
Total tax
187
151
150
144
After tax
163
199
200
206
Living cost
240
240
240
240
Free-cash
-77
-41
-40
-34

Estimated living cost  is £240 per week

£170
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£17
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£49
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Porto model

Close
Madrid , Spain
-£215
-£74
-£121
-£114
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader
-
-
-
350
other
-
-
-
-
unemployment
-
-
-
2
income
-
-
-
48
pensions
-
-
-
99
accident
-
-
-
3
total
-
-
-
152
Employee
429
-
255
-
unemployment
7
-
5
-
other
-
-
-
-
pensions
20
-
14
-
income
90
-
46
-
total
117
-
65
-
Employer
429
-
255
-
other
3
-
2
-
accident
8
-
6
-
pensions
101
-
70
-
unemployment
24
-
16
-
total
136
-
94
-
Corporate
-
350
-
-
income

The general rate of corporate tax is 25%. The lower rate of 15% is introduced for newly formed companies which applies during the first two years of operation in which taxable profit is made. We use the lower rate in our model.

-
52
-
-
total
-
52
-
-
Dividends
-
298
-
-
withholding
-
60
-
-
total
-
60
-
-
Income
350
350
350
350
Total tax
253
112
159
152
After tax
97
238
191
198
Living cost
312
312
312
312
Free-cash
-215
-74
-121
-114

Estimated living cost  is £312 per week

£224
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£24
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£59
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Madrid model

Close
Sofia , Bulgaria
£93
£146
£69
£61
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader
-
-
-
350
unemployment
-
-
-
1
income
-
-
-
53
pensions

Individual pension and social contributions account is optional for those who entered the labor force after 31 December, 2014.

-
-
-
46
health
-
-
-
36
total
-
-
-
136
Employee
202
-
293
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
health
9
-
13
-
pensions

19.8% for people born before 1 January, 1960; and 14.8% for those born after 31 December, 1959.

18
-
26
-
income
20
-
29
-
total
49
-
71
-
Employer
202
-
293
-
accident

We are using the highest rate at 1.1%.

2
-
3
-
pensions

19.8% for people born before 1 January, 1960; and 14.8% for those born after 31 December, 1959.

22
-
32
-
unemployment
1
-
2
-
health
14
-
20
-
total
39
-
57
-
Corporate
108
350
-
-
income
11
35
-
-
total
11
35
-
-
Dividends
97
315
-
-
withholding
5
16
-
-
total
5
16
-
-
Income
350
350
350
350
Total tax
104
51
128
136
After tax
246
299
222
214
Living cost
153
153
153
153
Free-cash
93
146
69
61

Estimated living cost  is £153 per week

£101
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£9
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£39
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Sofia model

Close
Berlin , Germany
-£92
-£160
-£67
-£67
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader

Pension contribution is not mandatory for self-employed except for writers, artists and musicians who should pay standard rates to Künstlersozialkasse.

-
-
-
350
trade
-
-
-
-
income

Personal income is calculated on a progressive scale(from 14% to 42%), and is fixed at 45%. The tax percentage is unique and will depend on your income.

-
-
-
12
health

Our model is based on the assumption that an owner of the company is either a director or registered self-employed, so all social security contributions are not mandatory.

However, you would need to purchase private health insurance. We took an average price of €3600 per annum per person.

-
-
-
61
surtax

Solidarity surcharge is an additional fee on income tax, capital gains tax and corporate tax. It is justified by the cost of German reunification.

-
-
-
1
total
-
-
-
74
Employee

Pension contribution is not mandatory for self-employed except for writers, artists and musicians who should pay standard rates to Künstlersozialkasse.

442
-
350
-
surtax

Solidarity surcharge is an additional fee on income tax, capital gains tax and corporate tax. It is justified by the cost of German reunification.

2
-
1
-
health

Our model is based on the assumption that an owner of the company is either a director or registered self-employed, so all social security contributions are not mandatory.

However, you would need to purchase private health insurance. We took an average price of €3600 per annum per person.

61
-
61
-
income

Personal income is calculated on a progressive scale(from 14% to 42%), and is fixed at 45%. The tax percentage is unique and will depend on your income.

36
-
12
-
total
99
-
74
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
-
350
-
-
trade
-
50
-
-
income
-
52
-
-
surtax

Solidarity surcharge is an additional fee on income tax, capital gains tax and corporate tax. It is justified by the cost of German reunification.

-
3
-
-
chamber of commerce
-
2
-
-
total
-
107
-
-
Dividends
-
243
-
-
withholding
-
57
-
-
surtax

Solidarity surcharge is an additional fee on income tax, capital gains tax and corporate tax. It is justified by the cost of German reunification.

-
3
-
-
total
-
60
-
-
Income
350
350
350
350
Total tax
99
167
74
74
After tax
251
183
276
276
Living cost
343
343
343
343
Free-cash
-92
-160
-67
-67

Estimated living cost  is £343 per week

£237
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£37
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£65
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

Nationals of Europe, Australia, Canada, Israel, Japan, the Republic of Korea, New Zealand and the USA do not require an entry type D visa (not to confuse with a Schengen visa or a visa-free entry). For other nationals, waiting time is around 6-9 months which includes document preparation and processing.

Source of data for Berlin model

Close
Dublin , Ireland
-£345
-£261
-£218
-£218
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader
-
-
-
350
social contributions
-
-
-
20
income
-
-
-
42
total
-
-
-
62
Employee
695
-
350
-
social contributions
58
-
20
-
income
131
-
42
-
total
189
-
62
-
Employer
695
-
350
-
total
-
-
-
-
Corporate
-
350
-
-
income
-
44
-
-
total
-
44
-
-
Dividends
-
306
-
-
withholding
-
61
-
-
total
-
61
-
-
Income
350
350
350
350
Total tax
189
105
62
62
After tax
161
245
288
288
Living cost
506
506
506
506
Free-cash
-345
-261
-218
-218

Estimated living cost  is £506 per week

£385
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£41
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£75
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

To obtain permanent residence for non EEA/Swiss nationals, it is required to invest a huge amount - at least €1 million aggregate investment into a new or an existing Irish business, for a minimum of three years.

Source of data for Dublin model

Close
Sliema , Malta
-£126
-£130
-£61
-£280
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader

We use The Residence Programme or The Global Residence Programme.

-
-
-
350
health

This is an average price for a private worldwide health insurance. The price will vary depending on your age and health condition.

-
-
-
54
income
-
-
-
253
total
-
-
-
307
Employee
408
-
318
-
social contributions
41
-
32
-
income
44
-
24
-
total
85
-
56
-
Employer
408
-
318
-
social contributions
41
-
32
-
total
41
-
32
-
Corporate
-
350
-
-
income
-
123
-
-
total
-
123
-
-
Dividends
-
227
-
-
social contributions
27
34
-
-
total
27
34
-
-
Income
350
350
350
350
Total tax
153
157
88
307
After tax
197
193
262
43
Living cost
323
323
323
323
Free-cash
-126
-130
-61
-280

Estimated living cost  is £323 per week

£212
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£25
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£80
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Sliema model

Close
Edinburgh , United Kingdom
-£148
-£61
-£88
-£58
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader
-
-
-
350
income
-
-
-
67
pensions
-
-
-
17
total
-
-
-
84
Employee
445
-
317
-
health
6
-
3
-
pensions
34
-
19
-
income
81
-
59
-
total
121
-
81
-
Employer
445
-
317
-
pensions
45
-
27
-
health
8
-
6
-
total
53
-
33
-
Corporate
-
350
-
-
income

It is proposed for this rate to fall to 17% from the financial year starting on 1 April, 2020. Also, where the taxable profits can be attributed to the exploitation of patents, a lower rate of 10% applies.

-
66
-
-
total
-
66
-
-
Dividends
-
284
-
-
withholding
-
21
-
-
total
-
21
-
-
Income
350
350
350
350
Total tax
174
87
114
84
After tax
176
263
236
266
Living cost
324
324
324
324
Free-cash
-148
-61
-88
-58

Estimated living cost  is £324 per week

£222
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£30
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£68
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Additional information

The only visa which will gain you entry to the UK as a freelancer is Tier 1 (with an exception of EU nationals or long-term UK residence permit holders, up until Brexit). There are two Tier 1 visa pathways.

You can either apply for an Entrepreneur visa which requires an investment of at least £200000 and creating two full time jobs, or choose an Exceptional Talent visa, which has no financial requirements but is more difficult to obtain.

Source of data for Edinburgh model

Close
Warsaw , Poland
-£59
-£188
-£31
£20
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader
-
-
-
350
other
-
-
-
3
income
-
-
-
51
pensions
-
-
-
38
accident
-
-
-
2
health
-
-
-
20
total
-
-
-
114
Employee
339
-
291
-
health
39
-
33
-
pensions
38
-
33
-
income
47
-
40
-
total
124
-
106
-
Employer
339
-
291
-
accident
6
-
5
-
pensions
55
-
47
-
unemployment
8
-
7
-
total
69
-
59
-
Corporate
-
350
-
-
income

From 1 January 2017, a lowered corporate income tax rate of 9% was introduced for so-called 'small taxpayers' - entities with turnover not exceeding the equivalent of €1.2 million and for taxpayers starting business activity, during their previous tax year.

-
315
-
-
total
-
315
-
-
Dividends
-
35
-
-
withholding
-
7
-
-
total
-
7
-
-
Income
350
350
350
350
Total tax
193
322
165
114
After tax
157
28
185
236
Living cost
216
216
216
216
Free-cash
-59
-188
-31
20

Estimated living cost  is £216 per week

£158
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£13
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£40
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

Poland permits registration as a sole-trader only for EU nationals or long-term EU resident permit holders. Other nationals should use a business incubator or set up a company and hire themselves as an employee.

Source of data for Warsaw model

Close
Skopje , Macedonia
£135
£177
£95
£95
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader

Sole-trader should pay social contributions from a minimum of 50% of an average salary to a maximum of twelve average salaries. The minimum personal income for the first year should be at least 50% of an average salary.

-
-
-
350
unemployment
-
-
-
4
income
-
-
-
39
pensions
-
-
-
64
health insurance
-
-
-
26
work injury
-
-
-
2
total
-
-
-
135
Employee

Minimal social contribution is 50% of an average salary to a maximum of six average salaries.

192
-
350
-
health insurance
14
-
26
-
unemployment
2
-
4
-
work injury
1
-
2
-
pensions
35
-
64
-
income
19
-
39
-
total
71
-
135
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
158
350
-
-
income

Macedonia has a simplified tax regime. Before 3,000,000 MKD per annum you will be taxed at 0%, and before 6,000,000 MKD it is 1%.

-
-
-
-
total
-
-
-
-
Dividends
158
350
-
-
withholding
24
53
-
-
total
24
53
-
-
Income
350
350
350
350
Total tax
95
53
135
135
After tax
255
297
215
215
Living cost
120
120
120
120
Free-cash
135
177
95
95

Estimated living cost  is £120 per week

£74
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£9
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£33
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Skopje model

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Rome , Italy
-£398
-£170
-£181
-£161
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader
-
-
-
350
regional
-
-
-
5
social contributions
-
-
-
90
municipal
-
-
-
2
national
-
-
-
60
total
-
-
-
157
Employee
749
-
350
-
national
127
-
53
-
regional
11
-
4
-
municipal
4
-
2
-
social contributions
252
-
118
-
total
394
-
177
-
Employer
749
-
350
-
total
-
-
-
-
Corporate
-
350
-
-
nationa
-
84
-
-
municipal
-
17
-
-
total
-
101
-
-
Dividends
-
249
-
-
withholding
-
65
-
-
total
-
65
-
-
Income
350
350
350
350
Total tax
394
166
177
157
After tax
-44
184
173
193
Living cost
354
354
354
354
Free-cash
-398
-170
-181
-161

Estimated living cost  is £354 per week

£249
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£24
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
£76
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
£0
I'm drinking at home rarely or never.
£0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Rome model

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Estimated living cost

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